Digital Tokens: A Legal Perspective
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Summary:
Tokens are units digitally represented in a distributed ledger or blockchain. The various uses of this technology have the potential to transform a wide array of economic activities, from traditional commercial transactions to sophisticated financial undertakings. This paper explores the similarities and differences of tokens with traditional legal instruments in commercial law and how tokens could offer superior solutions, provided that proper legal foundations are established for their operation, including aspects of the law of securities and consumer protection law.
Series:
Working Paper No. 2023/151
Subject:
Blockchain and DLT Financial institutions Financial regulation and supervision Securities Securities regulation Smart contracts Technology Virtual currencies
Frequency:
regular
English
Publication Date:
July 28, 2023
ISBN/ISSN:
9798400250149/1018-5941
Stock No:
WPIEA2023151
Format:
Paper
Pages:
67
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